Highlights

Strategic acquisitions and subsequent revival of stranded thermal power plants will better serve India’s short-term energy security needs than investing in new ones. 

French floating PV specialist Ciel & Terre says it now has more than 1.5 GW of floating PV projects in the design phase or under construction. It has already completed 280 floating solar projects in more than 30 countries, totaling 820 MW.

First Solar has announced a limited production run of the “world’s first” bifacial solar panel with a cadmium telluride (CdTe) semiconductor. The pre-commercial Series 6 Plus Bifacial module is making its debut this week at Intersolar Europe in Munich, Germany.

In a meeting with the French delegation, India’s power minister emphasized the role of insurance for renewable energy projects, payment security mechanism, and debt financing in attracting investment into renewable energy.

The economic burden of air pollution in Bangladesh, for which transport is one of the major reasons, calls for strong policy-level intervention to increase the adoption of electric cars.

IRENA’s report Renewable Capacity Statistics 2023 shows that in 2022, Asia accounted for nearly 60 percent of the worldwide increase in renewable energy generating capacity, resulting in a total of 1.63 Terawatt (TW) of renewable capacity by year end. A huge part of this increase occurred in China.

India has retained its crown as the most attractive market for solar investment, according to the latest edition of Ernst & Young’s renewables attractiveness index. 

The world installed 239 GW of new solar capacity in 2022, according to SolarPower Europe. The rooftop PV segment accounted for 49.5% of additions – the highest share in the past three years. The rooftop sectors in Brazil, Italy, and Spain grew by 193%, 127%, and 105%, respectively.

Pexapark says power purchase agreement (PPA) prices are falling in Europe, with prices in Spain and Portugal down by 6.4% and 6.2% to €40.90 ($43.99)/MWh and €39.60/MWh, respectively.

Cliantech Solutions will supply and execute 600 MW turnkey PV panel production line for Dubai-based Magnus Green Solar.